Agreement in Principle (AIP)
Same as a Decision in Principle — an initial lender indication of borrowing capacity.
AIP and DIP (Decision in Principle) are the same thing: an initial statement from a lender confirming how much they'd likely lend you based on a credit check and declared income. Different lenders use different names — AIP, DIP, MIP (Mortgage in Principle), or Mortgage Promise — but they all serve the same purpose. Estate agents usually ask to see one before accepting your offer.
Related terms
- DIP →
- Exchange of Contracts →
- Decision in Principle — full guide →
This glossary entry is a brief definition. For the full practical walkthrough, see the guide above.
- Full Glossary →
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Decision in Principle (DIP)
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Decision in Principle
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DIP Lower Than Expected?
Why your decision in principle came back low and what to do next.
